Web3 Will Not Be Built on Smart Contracts • DeSo (Decentralized Social) Blockchain

“Instead of a hierarchical structure managed by a set of humans interacting in person and controlling property via the legal system, a decentralized organization involves a set of humans interacting with each other according to a protocol specified in code, and enforced on the blockchain,” Buterin wrote in 2014.

• Existing web2 social networking platforms cause issues like data and security breaches, manipulation of public opinion, and relaying false information.


• Digital assets created according to interoperable standards on public blockchains are portable and transferable so user history is not stuck on a particular platform.


• A core philosophical principle of

... See more